Allianz Asset Management GmbH Sells 9,681 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Allianz Asset Management GmbH lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,731 shares of the apparel retailer's stock after selling 9,681 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Urban Outfitters worth $3,811,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in URBN. Xponance Inc. increased its position in Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after purchasing an additional 222 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after buying an additional 263 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after buying an additional 351 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after buying an additional 463 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Urban Outfitters by 9.3% during the 4th quarter. Bank of Montreal Can now owns 6,730 shares of the apparel retailer's stock worth $369,000 after buying an additional 570 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Up 0.6%

Shares of NASDAQ:URBN traded up $0.44 during trading on Friday, reaching $75.72. 863,522 shares of the company traded hands, compared to its average volume of 2,151,148. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.32 and a beta of 1.44. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $78.22. The business's fifty day moving average is $71.79 and its 200-day moving average is $59.98.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Telsey Advisory Group restated a "market perform" rating and set a $72.00 price target on shares of Urban Outfitters in a report on Wednesday, June 11th. Citigroup cut their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and increased their price target for the stock from $50.00 to $70.00 in a report on Friday, June 6th. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $78.00 to $88.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $75.00.

Insider Activity

In related news, CFO Melanie Marein-Efron sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the transaction, the chief financial officer owned 5,036 shares in the company, valued at $369,440.96. This represents a 79.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total value of $2,595,250.00. Following the transaction, the director owned 480,296 shares of the company's stock, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,156 shares of company stock valued at $11,636,158. Corporate insiders own 31.60% of the company's stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.